OPEC+ produced around three million barrels of crude oil per day less than planned in its June quotas due to underinvestment in recent years and sanctions on some members. Read more.
OPEC+ sticks to its planned oil output hike of 648,000 bpd in August and averted discussing its production plans for September even as oil prices soared due to tight global supplies.
Midstream MLPs, as measured by the Solactive MLP Infrastructure Index, increased 7.64% last month. The index increased by 25.39% since last May. The current yield on MLPs stands at 6.93%.